Crystal Corporation produces a single product. The company's variable costing income statement for August appears below:

Crystal Corporation Income Statement For the month ended May 31
Sales ($22 per unit)	$954,800
Variable expenses:
Variable cost of goods sold	607,600
Variable selling expense	86,800
Total variable expenses	694,400
Contribution margin	260,400
Fixed expenses:
Fixed manufacturing overhead	142,800
Fixed selling and administrative	71,400
Total fixed expenses	214,200
Net operating income	$46,200

The company produced 35,700 units in August and the beginning inventory consisted of 8,370 units. Variable production costs per unit and total fixed costs have remained constant over the past several months.

Under absorption costing, for the month ended August 31, the company would report a: